AUCKLAND, New Zealand, June 15, 2015 – After a highly-charged and intense weekend of competition, FedEx and the Young Enterprise Trust are pleased to name the six students from New Zealand who will compete against eight other countries and their 48 representatives in Singapore at the FedEx/JA International Trade Challenge’s (FedEx/JA ITC) Asia-Pacific final.
The New Zealand representatives are:
Hannah Monigatti, ACG Senior College, Auckland
Aidan Scott, Westlake Boys’ High, Auckland
Wendy Lee, Macleans College, Auckland
Derek Lieu, ACG Parnell, Auckland
Sophie Shrimpton, Tauranga Girls’ College, Tauranga
William Hohepa, Northland College, Kaikohe
Eighty students from around New Zealand took part in the weekend-long business challenge and were required to develop a market entry strategy plan to sell an oil based product to Saudi Arabia.
Business proposals ranged from a fertiliser that helps solve the water shortage problem in the country, to rubber roof tiles, a skin moisturiser that also aids sleep, and a religiously sensitive nail polish.
The students were judged by a panel of entrepreneurs and business leaders on their market-entry strategies detailing marketing, promotion, pricing, inventory and product distribution plans.
Kim Garner, managing director of FedEx Express Australasia said the level of skill and talent that was evident during the weekend challenge was again very high.
“We are continually impressed with the creativity and the understanding of business concepts that these students demonstrate. And only having a few hours to come up with a detailed marketing strategy is a big ask in anyone’s language. The six winning students showed a high level of entrepreneurial skill. We have high hopes for them representing New Zealand at the Asia-Pacific ITC final in late August,” said Garner.
Jointly organized by FedEx Express and Young Enterprise Trust, the FedEx/JA ITC is designed to give students from our region insights into international trade and business marketing. By creating a ‘business’ and developing its global marketing plan, students are able to put those insights to the test.
“Through the FedEx/JA ITC event, we are providing a forum for our young and aspiring business people to gather and learn about what is involved in international trade. It is excellent preparation for doing business on a global level. It also gives them the opportunity to develop their own skills that are needed in the business environment; teamwork, interpersonal relationships, self-confidence and risk assessment,” he adds.
Before heading to Singapore, the six representatives will participate in a two-day training workshop in July at the FedEx facility in Auckland to prepare them for the Asia-Pacific regional final in August. In 2014, the Kiwis won the Final and the pressure is on to replicate the result.
The International Trade Challenge is in its ninth year in Asia-Pacific and 2015 marks the seventh year of FedEx sponsorship in New Zealand. The event has provided almost 10,000 students in nine Asia Pacific countries, including 560 students from more than 200 schools throughout New Zealand, with invaluable insight into global trade.
About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $47 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 325,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
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For further information about the FedEx International Trade Challenge, please contact:
Elaine Mo of FedEx Express
Tel: +852 2514 0812
Sarah Nash of PR Ink Ltd
Tel: 021 400 458
Sarah Thornton of PR Ink Ltd
Tel: 027 354 7747
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